Choose Life Mississippi

Tax Credits for Individuals

Mississippi Children’s Promise Tax Credit

The Pregnancy Resource Act recognizes the vital work of pregnancy centers and allows individuals to redirect their tax dollars to invest in the life-saving work of serving women who are in crisis situations.

Individuals can give a tax deductible gift to Choose Life Mississippi or to our Mississippi Pregnancy Centers.

What is the period for making contributions?

The Mississippi Department of Revenue will allocate credits within a calendar year.

The tax credits provided by the Children’s Promise Act are limited to $1,000,000 per calendar year.

The Children’s Promise Act allows for allocations each calendar year beginning January 1, 2022 and ending December 31, 2022.

For more information, visit Mississippi Department of Revenue’s website.

This information is not intended to give tax advice. Please consult with your tax professional about your specific tax questions.

A Mississippi state income tax credit is available for voluntary cash contributions from individuals made to a Qualified Charitable Organization.

For contributions made to Choose Life Mississippi or to our Mississippi Pregnancy Centers, the tax credit is limited to the lesser of four hundred dollars ($400) or the amount of the contribution in any taxable year for a single individual or a head of household, and the lesser of eight hundred dollars ($800) or the amount of the contribution in any taxable year for a married couple filing a joint return.

How do I claim the Children’s Promise Act Tax Credit?
  • After you make a donation to Choose Life Mississippi or to our Mississippi Pregnancy Centers, fill out the MSDOR Children’s Promise Act Tax Credit Application. (CLICK HERE FOR THE FORM)
  • Complete the application and return it to the MSDOR with verification of your contribution (your receipt).
  • You will receive a document back from the MSDOR to take to your tax professional to file with your taxes.

 

 

Act NOW to Claim Your Credit! There is a limited amount of tax credit money available each calendar year, so act quickly to take advantage of the credit.

Copyright Choose Life Mississippi © 2024| All Rights Reserved